R.G. Barry Corporation has reported a net profit of $11.4 million on a consolidated basis for the first half ended Dec. 29, 2012, down by 13.6 percent from the equivalent period a year ago but in line with the company's expectations. Net sales in the six-month period slipped by 9.5 percent to $95.7 million. The gross margin improved to 43.3 percent, up from 42.8 percent in the first half of fiscal 2012. Footwear sales declined by 13.7 percent to $77.8 million due to reductions in certain seasonal programs and soft trading in some retail channels in the July-December 2012 period. Accessories, however, recorded a sales increase of 14.1 percent for the six-month period in both new and existing channels to $18 million. In the second quarter ended Dec. 29, the net profit declined to $5.3 million from $6.4 million in the second quarter of fiscal 2012, and sales went down to $48.5 million from $55.6 million. The gross margin for the quarter rose to 42.4 percent from 41.4 percent one year ago. The U.S.-based company expects its accessories business to meet or exceed its growth expectations for the full financial year, although these gains will only partially offset the forecasted decline for its footwear business.